It is _______for multinational firm to tolerate poor working conditions in its foreign operations or those of its subcontractors

Not ok

Establishing minimal acceptable standards that safeguard the basic rights and dignity of employees, auditing foreign sudsidiaries and subcontractors on a regualr basis to make sure those standards are met, and taking corrective action if they are not, is a ___________

Good way to guard against ethical abuse

The company should not obey the apartheid laws in its won south afircan operations, second the company should do everything within its power to promote the abololition of apartheid laws

Sullivan principles

Often argued that inward investment by multinational can be a force for _________ that ultimately improves the rights of people i nrepressive regimes

Economoical, political, and social progress

Ethical issues arise when _________in host nations are inferior to those in home nation

Environmental regulations

Environmental regulations lack in __________and accordance to critics the results can be higher levels of pollution from the operations of multinationals than would be allowed at home

Developing nations

No one owns the atmosphere or the oceans, but ______both, no matter where the _______orginates, harms all.

Polluting, pollution

The atmosphere and the ocean can be viewed as a global commons from which everyone benefits but for which no one is specifically responsible, in such cases a phenomenon known as the ______________becomes applicable

Tragedy of the commons (names by garret hardin)

Most scientist argue that human industrial and commerical activity is increaseing the amount of carbon dioxcide in the atmosphere, carbon dioxide is a greenhouse gas which reflects heat back to the earth's surface warming the globe, as a result

The average temerpature of the earth is increasing

International businesses can and have gained economic advantages by making payemtns to those govt officals is a type of

Corruption

A US law regulating behavior regarding the conduct of international business in the taking of bribes and other unethical actions

Foreign corrupt practices act

Some times known as ________ ,facilitiatinig payemtns are not payments to secures contracts that would not otherwise be secured and nor are they payments to obtain exclusive preferential treatment, rather they are payements to ensure recieving standard treatment, but might not due to obstruction of foregin officials

Speed money or grease payments

OECD convention that obliges member states to make the bribery of foreign public officals a criminal offense

Convention on Combating Bribery of Foreign Public Officals in International Business Transactions

In many countries payoffs to govt officals in the form of _________are a part of life

Speed money

______has a significant negative impact on a countrys growth rate

Corruption

The idea that business people shouldl consider the social consequences of economic actions when making business decisions

Social responsibility

French term that refers to honorable and benevolent behavior considered the responsibility of people of high (noble)birth

Noblesse oblige

From an international viewpoint, some argue that what is ethical depends upon one's

Cultural perspective

A situation in which none of the available alternatives seems ethically acceptable

Ethical dilemma

Generally accepted principles of right and wrong governing the conduct of individuals

The only social responsibility of business it to increase profits, so long as the company stays within the rules of the law

Freidman doctrine

The belief that eithics are culturally determined and that firms should adopt the ethics of the cultures in which they operate

Cultural relativism (when in rome do as the romans do)

The belief that a multinationals home country standards of eithics are the appropriate ones for companies to follow in foreign countries

Righteous moralism

The belief that if a manager of a multinational sees that firms from other nations are not following ethical norms in a host nation, that manager should not either

Naive immoralist

Most moral philopsophers see value in ________and ____approaches to business ethics

Utilitarian and kantian

These approaches to ethics hold that the moral worth of actions or practiecs is determined by their consequences

Utilitarian approaches

Draw backs to utilitarian approach

-Measuring benefits, cost and risk of a course of action

-the philosphy omits the consideration of justice

The belief that people should be treated as ends and never as means to the ends of others

Kantian ethics

People have ______and need to be _____as such

Dignity, respected

Twentieth century theories that recognize human beings have fundamental rights and privliges that transcend national boundaries and cultures

Rights and theories

A united nations document that lays down the basic principles of human rights that should always be adhered to

Universal Declaration of Human Rights

All human beings are born free and equal in dignity and rights. They are endowed with reason and conscience and should act towards one another in a spirit of brotherhood

Article 1 of universal declaration of human rights

The rights to just and favorable work conditions, equal pay for equal work, existence worthy of human dignity

Article 23 of univerisal human rights

It is important to know that along with rights come

Obligations

A distribution of economic goods and services that is considered fair and equitable

just distribution

A business's formal statement of ethical priorities

Code of ethics

Individuals or groups that have interest, stake, or claim in the actions and overall performance of a company

Stakeholders

People who work for or own the business, such as employees, directors, and stockholders

Internal stakeholders

The individuals and groups that have some claim on the firm, such as customers, suppliers, and unions

External stakeholders

Standing in the shoes of a stakeholder and asking how a proposed decision might impact the stakeholders

Moral imagination

Enables managers to walk away from a decision that is profitable, but unethical

Moral courage

Which of the following is not one of the five things an international business and its managers can do to amke sure ethical issues are considerd in business decisions?

A. Favor hiring and promoting people with a well grounded sense of personal eithics
B. Build an organizational culture that has a high value on ethical behaviorC. Promote individuals with a proven track record of unethical behavior
D. Develop moral courage

C.

(this multiple choice question has been scrambled)

The tragedy of commons occurs when a resource, owned by the host coountry is overused by all individuals
A. True
B. False

B.

All of the following are exapmles of moral courage expect:

A. Whistle blowing
B. Saying no to superiors
C. Walking away from profit making dealsD. Accepting under the table payments

D.

(this multiple choice question has been scrambled)

Which business straw men approach to business ethics is best summarized by maximum "when in Rome, do as the Romans do"?

According to a study on the connection between corruption and economic growth in 70 countries:

A. Corruption had no impact on the growth of the countrys economy
B. Corruption has a significant positive impact on a country's growth rateC. Corruption has a significant negative impact on a country's growth rate
D. Side payments helped remove the buraucratic barries to investments that create jobs

C.

(this multiple choice question has been scrambled)

A UN document inspired by Kantian and rights theories and ratified by almost every country on the planet, that lays down basic principles that should always be adhered to, irrespective of the culture in which one is doing business is the: